Despite its recent outage, Coinbase is back online. It has long been a go-to spot to buy cryptocurrencies. It’s easy to create an account and get up and running in just a few minutes. Just enter in your name, email and password to sign up.
You can add an account by tapping “trade” on the Coinbase website for the first time. This allows you to choose what you want to buy and how you’re going to pay. I linked my bank account and a debit card. A bank account gives you a higher buying limit of $25,000, but your purchases will be on hold for a few days. A debit card gives you instant access to your crypto purchases, but you have a $3,000 buying limit.
Choose how much bitcoin you want to buy. If I spend $15, at current levels, I’ll get about 0.00112114 bitcoin. Next, pick how you want to pay, whether it’s the bank account you’ve set up or your debit card. Finally, tap “preview purchase.”
There was a $1.49 fee for my purchase, but the fees can be greater depending on how much bitcoin you buy and whether you use your debit card or checking account to pay for it. Then Tap “Buy now” to complete it. If the exchange range changes while you wait, the purchase will fail, so move quick if you want to buy at the current bitcoin price.